Retail Building with Commercial
1018 Laurel Street Highland, IL 62249
1018 Laurel Street, Highland, IL, 62249
$275,000
For Sale
$275,000
Retail building includes a fully equipped commercial baking setup, seating area, half bath, basement storage, and rear dedicated parking.
Property Size3,080 SF
Price / SF$89.29
Days on Market181
Property Features for 1018 Laurel Street
General Information
- Standard status
- Active
- Size
- 3,080 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1955
Listing agency
Equity Realty Group, LLC
(618) 654-5575
Listed by
Kimberly Johnson
Source
Xome
Added: Jan 22 Updated: Jul 21 at 12:29PM Checked: Jul 21 at 12:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Realty Group, LLC
Investment Insights
Based on property information with market context.
This retail business building features an operational commercial baking setup with a fully equipped kitchen that includes an oven, workspace, and sink. The layout also provides retail space with large glass windows for street-facing presentation, along with a seating area and a half bath for customer and client convenience. Additional storage is available in a full, unfinished basement/cellar.
Located at 1018 Laurel Street in Highland, IL, the property is positioned for street-level exposure. Dedicated parking is located at the back of the building.
The building includes an approximately 3,000-square-foot finished area and a full basement to support inventory and supplies.
Located at 1018 Laurel Street in Highland, IL, the property is positioned for street-level exposure. Dedicated parking is located at the back of the building.
The building includes an approximately 3,000-square-foot finished area and a full basement to support inventory and supplies.
Key Highlights
- Retail building with approximately 3,000 sq. ft. of finished area and a full basement
- Fully equipped commercial baking setup, including oven, workspace, and sink
- Retail space with street exposure and large glass windows
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.7k | $6.06 |
| − Vacancy | −$485 | −$0.16 |
| EGI | $18.2k | $5.90 |
| − OpEx | −$5.5k | −$1.77 |
| NOI | $12.7k | $4.13 |
3,080 SF · lease $6.06/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$540.0K
$472.5K – $630.0K
NOI $37,799 @ 7.0% cap · market cap 13.75%
Second Best
Specialty Retail
$521.8K
$456.6K – $608.8K
NOI $36,528 @ 7.0% cap · market cap 13.28%
Theoretical Best
Office A
$839.5K
$734.6K – $979.4K
NOI $58,766 @ 7.0% cap · market cap 21.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building includes a fully equipped commercial baking setup, seating area, half bath, basement storage, and rear dedicated parking.
Where is this retail space located?
The property is located at 1018 Laurel Street Highland, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Retail building with approximately 3,000 sq. ft. of finished area and a full basement; Fully equipped commercial baking setup, including oven, workspace, and sink; Retail space with street exposure and large glass windows
